Famed NYT reporter tells Michael Moore capitalism driving Earth’s downfall

But in one clip cut from the documentary -- which Moore provided exclusively to RAW STORY -- he interviews Pulitzer Prize-winning New York Times reporter Chris Hedges, who explains how capitalism is actually contributing to the very downfall of the human race and the "degradation of the planet."

"All sorts of people who have spent their lives studying climate change, from Bill McKibben on down, have warned us that we don't have a lot of time left," Hedges said. "So it's not just that capitalism has destroyed our economic system and hijacked our political system, but it literally is extinguishing the system that sustains life. If that's not thwarted soon...then we will begin to see massive dislocations, environmental refugees, further depleting of natural resources. Overpopulation is also an issue. The UN estimates that by 2050 the size of the planet will double."

The very concept of capitalism, Moore declares in the film, is the problem because it inevitably leads to a system where the richest few control the means of production as well as the levers of power -- leading to a "plutonomy," a term used in a leaked Citigroup memo from 2005, in which the finance juggernaut concluded that the United States is no longer a democracy.

In the interview, Hedges decries America's turn toward supply-side economics over the last three decades as the cause of stagnating middle class incomes, contrasting it with the increasingly lavish fortunes of the wealthy and the aid they often receive from the government at the expense of working people.

Moore discussed the film as well as his takes on the Oscars and recent political news in an exclusive interview with RAW STORY this week.

Capitalism: A Love Story is set to be released on DVD and Blu-ray Monday.

Download video via RawReplay.com

David Edwards, Sahil Kapur and Stephen C. Webster contributed to this report.

Fight against Damascus and Tehran a threat to Russian and Chinese interests

Not the entire world is wishing for a different Iran, although it does seem like that at times. Superpowers China and Russia are charting their own course, and in spite of their modern relationships with the West, there are still a lot of differences.

read more

Preparations for a war against Iran in full gear

News reports on Iran are now following each other in rapid succession, and together they form a new step towards a military conflict. [...] What follows is an analysis of these fast-moving developments

read more

NATO and CIA covertly arming Syrian rebels in order to weaken Iran

It is clear that all the pieces are being put into place for a war against Iran. It is a long-term project demanding many years worth of preparation, and the ultimate goal is getting closer all the time. One component of this preparation is the covert arming of Syrian rebels.

read more

Israel and the U.S.: Iran not working on a nuclear weapon

While the world is getting the impression that a war with Iran has drawn a few steps closer, representatives of Israel and the U.S. are making some remarkable statements about the Islamic Republic. These statements are remarkable in part because, at the same time, the build-up to a military confrontation would seem to be continuing apace.

read more

Economist Albert Spits: the euro is gone by the summer of 2012

De Wit: No, but it’s going to cost an awful lot of money to reprint all of those currencies and make the switch.
Spits: Sure, but it’s going to cost a lot more money to try and save the euro, which cannot be saved.

read more